With three representatives remaining, Spain is thought to be the country most likely to produce a winner of the tournament at 4/11, with Germany 5/2 to beat them to it as Bayern Munich (9/2) and Dortmund (15/2) remain strong contenders. They will meet Juventus and Malaga respectively.

Sky Bet football trader Chris Spicer said: "All the money is going on the market's front two - Barcelona and Real Madrid - but last year's finalists Bayern are great value to reach the last two again at 15/8.

"Their tie with Juventus (16/1) is probably the most appealing spectacle of the round, while Dortmund will be satisfied at being paired up with 40/1 shot Malaga, so keep a close eye on the Germans."

According to Sky Bet's quarter-final 'to qualify' markets, the hardest tie to call is Bayern-Juventus. The Germans are 1/2 to progress (Juve are 6/4), while Dortmund are 2/5 to beat Malaga (7/4).

Real Madrid are the hottest of quarter-final favourites - 1/6 to see off Galatasaray (7/2). Barcelona are 1/5 to beat PSG (100/30).